Kalaris Therapeutics, Inc. ( (KLRS) ) has released its Q2 earnings. Here is a breakdown of the information Kalaris Therapeutics, Inc. presented to its investors.
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Kalaris Therapeutics, Inc. is a clinical-stage biopharmaceutical company focused on developing treatments for prevalent retinal diseases, with a particular emphasis on its novel anti-VEGF therapy, TH103.
In its latest earnings report, Kalaris Therapeutics announced its financial results for the second quarter of 2025, highlighting ongoing clinical trials and strategic developments. The company is actively enrolling patients in a Phase 1 trial for TH103, aimed at treating neovascular Age-related Macular Degeneration (nAMD), and anticipates initial clinical data by the end of the year.
Financially, Kalaris reported a significant increase in cash and cash equivalents, totaling $88.4 million as of June 30, 2025, largely due to a merger with AlloVir. This financial boost is expected to sustain operations into the fourth quarter of 2026. Research and development expenses rose to $8.4 million, reflecting increased costs associated with clinical trials, while general and administrative expenses also saw a rise to $3.8 million, attributed to higher operational costs as a public company. The net loss for the quarter was $11.4 million, or $0.61 per share, compared to a $5.7 million loss in the same period last year.
Kalaris has also strengthened its leadership team with the appointment of Kristine Curtiss as Senior Vice President of Clinical, bringing extensive experience in ophthalmology-focused biotech companies. This strategic move is expected to bolster the company’s clinical operations and research capabilities.
Looking ahead, Kalaris remains focused on advancing its clinical programs and exploring the therapeutic potential of TH103. With a solid financial position and strategic leadership in place, the company is poised to make significant strides in the treatment of retinal diseases.